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Elements in the same period generally have
Inventory Holding Cost
Expenses associated with storing unsold goods, including warehousing, insurance, spoilage, and opportunity costs, essentially another term for carrying cost.
Bill of Materials
An all-inclusive inventory detailing the materials, parts, and instructions necessary for the creation, production, or fixing of a product or service.
On-Hand Inventory
The quantity of stock physically available in a warehouse or storage area, ready for sale or distribution.
Lot-For-Lot
A production or purchasing strategy where the quantity to be produced or ordered matches the exact demand forecast, without holding extra inventory.
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